Developments Like New York's 432 Park Avenue Are Constructing Eateries for Residents Only

Some restaurants are so exclusive they are only open to their neighbors.

At New York's 432 Park Avenue, which will be city's tallest residential building when its completed in 2015, developers are creating an 8,500-square-foot private restaurant that will serve three meals a day exclusively to the condo's owners and their guests. There will also be a semiprivate dining area and an adjacent 5,500-square-foot tented terrace. The...